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Anil Agarwal unveils '3D' strategy to double Vedanta size via demerger, diversification, deleveraging

Billionaire Anil Agarwal on Thursday outlined a bold vision to double the size of his mining conglomerate Vedanta, driven by a '3D' strategy focused on demerger, diversification, and deleveraging. Addressing shareholders at the company's 60th annual general meeting, he said each of the demerged businesses, resulting from a current demerger exercise, has potential to grow into a USD 100-billion enterprise.

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Anil Agarwal unveils '3D' strategy to double Vedanta size via demerger, diversification, deleveraging

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  1. ANIL AGARWAL UNVEILS '3D' STRATEGY TO DOUBLE VEDANTA SIZE VIA DEMERGER, DIVERSIFICATION, DELEVERAGING

  2. INTRODUCTION Billionaire Anil Agarwal on Thursday outlined a bold vision to double the size of his mining conglomerate Vedanta, driven by a '3D' strategy focused on demerger, diversification, and deleveraging. Addressing shareholders at the company's 60th annual general meeting, he said each of the demerged businesses, resulting from a current demerger exercise, has potential to grow into a USD 100-billion enterprise. Our 3D strategy, demerger, diversification and deleveraging, will enable us to double in size and unlock maximum value for our stakeholders," he said.

  3. This will make Vedanta one of the largest innovation hubs, nurturing the next generation of technology champions who will shape the future of Bharat," he explained. The demerger of the company will create separate entities focused on aluminium, oil and gas, power, iron and steel, and zinc and silver. Each Vedanta shareholder will receive shares in the new companies. The annual general meeting has come a day after US short seller Viceroy Research on Wednesday called Agarwal-led British firm Vedanta Resources a "parasite" that is "systematically draining" its Indian unit, an allegation which the group called as "selective misinformation and baseless" aimed at discrediting it.

  4. Vedanta Ltd, a subsidiary of Vedanta Resources Ltd, is one of the world's leading natural resources, critical minerals, energy and technology companies spanning across countries like India, South Africa, Namibia, Liberia, UAE and Saudi Arabia, with operations in oil and gas, zinc, lead, silver, copper, iron ore, steel, nickel, aluminium, power and glass substrate and foraying into electronics and display glass manufacturing. With India's geology being comparable to resource-rich nations like Canada and Australia but only 25 per cent explored, he said the time was ripe for accelerated growth in the critical minerals sector.

  5. Once the demerger is completed, shareholders will receive shares in each of the four newly demerged entities. Each business will have its own strategic focus, investor base, and growth path, with the potential to grow into 100 billion dollar enterprises. "Each business will get a renewed focus, new investors, and a unique opportunity to achieve its full potential," the chairman stressed. Read More - https://economictimes.indiatimes.com/indust ry/indl-goods/svs/metals-mining/anil-agarwal- unveils-3d-strategy-to-double-vedanta-size- via-demerger-diversification- deleveraging/articleshow/122365722.cms? from=mdr

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